China: Asahi to sell stake in Tsingtao Brewery
Asahi, the Japanese drinks giant, has announced that it is selling its 20% stake in Chinese beermaker Tsingtao Brewery in a deal worth about $941 million. The group first announced that it was looking to sell its holding in Tsingtao Brewery in October 2017. An 18% stake is being sold to the Chinese conglomerate Fosun […]